Tamil Nadu (English Medium) Plus 1 Commerce Study Materials, Online Learning, Question Papers, Classnotes, Practice Test, MCQ | Smartindia Educational Program : www.smartindia.net.in

Question-1 __________ helps in condensing mass data into a numerical measures.

(A) Economics	(B)Marketing
(C)Statistics	(D)Public finance

Question-2 The ________ is the one who consumes the goods and services produced.

(A) Producer	(B)Consumer
(C)Seller	(D)Distributor

Question-3 Resources have ________ uses.

(A) Limited	(B)Wants
(C)Alternative	(D)Scarce

Question-4 ________ involves collection and organizing of data.

(A) Economics	(B)Policies
(C)Statistics	(D)Variable

Question-5
Statistics may be called the science of counting is the definition given by

(A) Croxton	(B) A.L.Bowley
(C) Bodelington	(D) Webster

Question-6 ________ is a person or organization that produce goods or services for sale.

(A) Consumer	(B)Producer
(C)Seller	(D)Investor

Question-7 Statistics plays an important role in

(A) Economics	(B)Mathematics
(C)Physics	(D)All the above

Question-8 Manufacture of goods by produces for the market is

(A) Production	(B)Consumption
(C)Distribution	(D)Profit

Question-9
In statistics ; the first step is

(A) Diagrammatic and graphic representation	(B) Calculating various numerical data
(C) Collection and organization of data	(D) Analysis of data

Question-10
_________ is one of the statistical tool plays prominent role in agricultural experiments.

(A) Variance	(B) Analysis of variance (ANOVA)
(C) Analysis Estimation Theory	(D) Testing Statistical Hypothesis

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Plus 1 Commerce

Tamil Nadu (English Medium)

Practice in Related Chapters
Definition, Scope and Limitations